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Gammon net up at Rs 72.63 cr in Jan-March qtr

Gammon India reported a net profit of Rs 72.63 crore for the quarter ended March 31, 2009 as compared with Rs 21.29 crore in the same quarter last year. The company’s income from operations also climbed to Rs 1,905.84 crore for the quarter ended March 31, 2009 as compared with Rs 821.61 crore in the same quarter last fiscal. The Board of Directors of the company at its meeting held on July 9 has recommended a dividend of Rs 0.60 per share on the equity shares for the financial year ended March 31, 2009 to be paid to the shareholders subject to the approval of the Shareholder s.

Midcap Picks Garware Wall Ropes,Gammon India from CNBC TV 18

Finquest's top midcap picks (CNBC TV 18 - moneycontrol.com 26th Dec 2007)Speaking to CNBC-TV18, Sejal Doshi, CEO, Finquest said that his top midcap picks are Garware Wall Ropes and Gammon India. Doshi added that Fareware Wall Ropes is widening its applications. Finquest likes the business model, where there is a CAGR growth of sales of 26%, over the next three years and profit growth of 35%. Doshi commented that they like Gammon India because of the embedded value, which are there in their infrastructure subsidiaries. They believe it will provide an upside to the valuations. .. More